Grindwell Norton Limited

Grindwell Norton Limited (GRINDWELL) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Abrasives & Bearings

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Key metrics

Price as of 2026-09-03

Stock price
₹1974.40
Market cap
21,867 Cr
Stock P/E
51.4
P/B
8.57
Dividend yield
0.9%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales667 Cr660 Cr691 Cr706 Cr694 Cr703 Cr710 Cr703 Cr775 Cr753 Cr842 Cr803 Cr
Operating expenses (approx.)536 Cr532 Cr566 Cr572 Cr565 Cr579 Cr582 Cr574 Cr634 Cr614 Cr678 Cr646 Cr
EBITDA131 Cr128 Cr125 Cr133 Cr129 Cr123 Cr127 Cr130 Cr141 Cr139 Cr164 Cr157 Cr
OPM %19.7%19.4%18.1%18.9%18.6%17.6%17.9%18.5%18.2%18.5%19.5%19.5%
Other income23 Cr14 Cr17 Cr16 Cr23 Cr18 Cr23 Cr24 Cr31 Cr19 Cr21 Cr25 Cr
Interest2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr
Depreciation17 Cr18 Cr20 Cr21 Cr23 Cr23 Cr25 Cr26 Cr26 Cr27 Cr26 Cr27 Cr
Profit before tax135 Cr122 Cr120 Cr125 Cr128 Cr116 Cr123 Cr126 Cr143 Cr128 Cr158 Cr154 Cr
Tax %24.4%24.8%22.9%25.5%23.9%24.3%24.5%25.0%25.0%25.6%24.4%25.2%
Net profit102 Cr92 Cr93 Cr93 Cr97 Cr88 Cr93 Cr94 Cr107 Cr96 Cr119 Cr115 Cr
EPS (₹)₹9.20₹8.32₹8.36₹8.42₹8.69₹7.84₹8.36₹8.53₹9.65₹8.60₹10.73₹10.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,598 Cr1,580 Cr1,638 Cr2,013 Cr2,541 Cr2,687 Cr2,812 Cr3,073 CrSign in for TTM
Operating expenses (approx.)1,326 Cr1,315 Cr1,314 Cr1,611 Cr2,042 Cr2,167 Cr2,298 Cr2,500 CrSign in for TTM
EBITDA272 Cr265 Cr324 Cr401 Cr500 Cr519 Cr513 Cr574 CrSign in for TTM
OPM %17.0%16.7%19.8%19.9%19.7%19.3%18.3%18.7%Sign in for TTM
Other income35 Cr40 Cr51 Cr53 Cr56 Cr68 Cr80 Cr95 CrSign in for TTM
Interest2 Cr4 Cr3 Cr4 Cr8 Cr8 Cr9 Cr8 CrSign in for TTM
Depreciation45 Cr58 Cr54 Cr53 Cr60 Cr71 Cr93 Cr105 CrSign in for TTM
Profit before tax260 Cr243 Cr317 Cr396 Cr486 Cr508 Cr492 Cr555 CrSign in for TTM
Tax %35.2%24.2%25.1%25.5%25.6%24.5%24.5%25.0%Sign in for TTM
Net profit169 Cr184 Cr238 Cr295 Cr362 Cr384 Cr371 Cr417 CrSign in for TTM
EPS (₹)₹15.11₹16.48₹21.60₹26.70₹32.69₹34.65₹33.30₹37.54Sign in for TTM
Dividend payout %———35.6%36.8%41.8%50.7%45.2%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital55 Cr55 Cr55 Cr55 Cr55 Cr55 Cr55 Cr55 Cr
Reserves1,043 Cr1,130 Cr1,309 Cr1,184 Cr1,758 Cr2,008 Cr2,211 Cr2,479 Cr
Borrowings————18 Cr18 Cr7 Cr61 Cr
Other liabilities338 Cr394 Cr488 Cr874 Cr577 Cr685 Cr780 Cr827 Cr
Total liabilities1,449 Cr1,595 Cr1,865 Cr2,113 Cr2,412 Cr2,770 Cr3,057 Cr3,438 Cr
Fixed assets (net)344 Cr361 Cr361 Cr—440 Cr582 Cr792 Cr795 Cr
CWIP43 Cr29 Cr24 Cr—124 Cr127 Cr25 Cr51 Cr
Investments183 Cr605 Cr713 Cr—693 Cr769 Cr892 Cr999 Cr
Loans & advances2 Cr3 Cr0.50 Cr—1 Cr2 Cr2 Cr30 Cr
Inventories329 Cr303 Cr323 Cr—464 Cr488 Cr490 Cr481 Cr
Trade receivables206 Cr205 Cr202 Cr—280 Cr357 Cr362 Cr397 Cr
Cash & bank232 Cr13 Cr19 Cr—40 Cr49 Cr71 Cr79 Cr
Other assets111 Cr76 Cr222 Cr2,113 Cr370 Cr395 Cr422 Cr606 Cr
Total assets1,449 Cr1,595 Cr1,865 Cr2,113 Cr2,412 Cr2,770 Cr3,057 Cr3,438 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———186 Cr356 Cr368 Cr458 Cr542 Cr
Cash from investing———-54 Cr-223 Cr-182 Cr-213 Cr-315 Cr
Cash from financing———-114 Cr-132 Cr-177 Cr-224 Cr-215 Cr
Net cash flow———18 Cr1 Cr9 Cr22 Cr12 Cr
Free cash flow (OCF − Capex)———60 Cr192 Cr196 Cr364 Cr423 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.6%20.6%23.3%32.3%26.9%24.8%22.0%21.6%
ROE %16.4%16.3%19.8%23.9%19.9%18.6%16.2%16.3%
Debtor days474745—40494747
Inventory days190187225—183201197173
Days payable105139217—118150171185
Cash conversion cycle1329552—1051007335
Debt / equity————0.00970.00880.00320.02
Current ratio2.982.892.86—2.672.762.852.81
Net debt / EBITDA0.000.000.000.00-0.04-0.06-0.12-0.03

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